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it would be devastating to the economy. it particularly bothers me, given the fact i believe this is the magic moment -- if we are ever going to get a deal done, now is the time to do it -- we have got a republican speaker who has been willing to put revenues on the table. we have republicans and democrats who have said we ought to have a balanced plan. most importantly, to get something done here in town, you have got to have a crisis. we have got one. we have got a real crisis in this fiscal cliff. i think it would be insane. i think there is a one-third possibility we will get something done before december 31. you all know what it means if we do not. if we go over the cliff, i think ll see economic growth slowed by as muc i think that is enough to put us back into recession. it will throw another 2 million people out of work. unemployment will go to 9%. i guarantee you the members of congress and the president's economic team will hear from the business community today that they are already slow in hiring. they are alre
it would be devastating to the economy. it particularly bothers me, given the fact i believe this is the magic moment -- if we are ever going to get a deal done, now is the time to do it -- we have got a republican speaker who has been willing to put revenues on the table. we have republicans and democrats who have said we ought to have a balanced plan. most importantly, to get something done here in town, you have got to have a crisis. we have got one. we have got a real crisis in this fiscal...
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Nov 28, 2012
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he's such a cancer to the economy. >> to call this an economy is an insult to recoveries. >> the numbers don't lie. we'll lay them out for you, tonight. >>> thanks for staying with "the ed show" tonight. the story goes to the heart of what we deserve. if we elect someone to the senate, we expect them to do what? get something done. unfortunately the republicans have been using the filibuster to block legislation. now the democrats want to change the rules to keep the next group of republicans from doing the same thing. we'll talk about those changes in a moment. first republicans have used the filibuster and really used it as well. it's normally a great tool for the minority to have a voice. it can slow down a discussion of a bill. it allows the minority to make changes before a vote. filibuster can also kill a bill, even if the majority of senators want to pass it. now over the last four years, the republicans have been using the filibuster as really a political weapon to cripple the senate and movement at all. here's a comparison. lyndon johnson served as senate majority leader for the
he's such a cancer to the economy. >> to call this an economy is an insult to recoveries. >> the numbers don't lie. we'll lay them out for you, tonight. >>> thanks for staying with "the ed show" tonight. the story goes to the heart of what we deserve. if we elect someone to the senate, we expect them to do what? get something done. unfortunately the republicans have been using the filibuster to block legislation. now the democrats want to change the rules to keep...
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Nov 28, 2012
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he's such a cancer to the economy. >> to call this an economy is an insult to recoveries. >> the numbers don't lie. we'll lay them out for you, tonight. [ emily jo ] derrell comes into starbucks with his wife, danielle, almost every weekend. derrell hasn't been able to visit his mom back east in a long time. [ shirley ] things are sometimes a little tight around the house. i wasn't able to go to the wedding. [ emily jo ] since derrell couldn't get home, we decided to bring home to him and then just gave him a little bit of help finding his way. ♪ [ laughs ] [ applause ] i love you. i love you, too. >>> thanks for staying with "the ed show" tonight. the story goes to the heart of what we deserve. if we elect someone to the senate, we expect them to do what? get something done. unfortunately the republicans have been using the filibuster to block legislation. now the democrats want to change the rules to keep the next group of republicans from doing the same thing. we'll talk about those changes in a moment. first republicans have used the filibuster and really used it as well. it's norm
he's such a cancer to the economy. >> to call this an economy is an insult to recoveries. >> the numbers don't lie. we'll lay them out for you, tonight. [ emily jo ] derrell comes into starbucks with his wife, danielle, almost every weekend. derrell hasn't been able to visit his mom back east in a long time. [ shirley ] things are sometimes a little tight around the house. i wasn't able to go to the wedding. [ emily jo ] since derrell couldn't get home, we decided to bring home to...
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Nov 29, 2012
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the economy grew at 2.7% in the third quarter better than the figure announced. the dow was up 37. the s&p 500 gained six. nasdaq finished ahead 20. syrian rebels struck a major blow in the heart of the government today killing a top ruling of the party in a car bombing and someone is cutting off internet and cell phone communication in syria in certain areas. both sides pointing fingers at the others. all of this as decision-maker in washington try to make a decision on how involved the u.s. should be. we get the latest tonight from correspondent connor powell in jerusalem. hello, connor. >> forces loyal to bashar assad show a city of aleppo while rebels filed mortars at the damascus international airport causing damage to the runway to force several airlines to cancel their flight. >> the assad regime air superior over the syrian rebels appears to be disappea disappearing. in the past 24 hours they shut down two helicopters. rebels used the antiaircraft guns to shoot down the helicopters in the past. but now they have access to more shoulder-to-air missiles. >> we have shut down
the economy grew at 2.7% in the third quarter better than the figure announced. the dow was up 37. the s&p 500 gained six. nasdaq finished ahead 20. syrian rebels struck a major blow in the heart of the government today killing a top ruling of the party in a car bombing and someone is cutting off internet and cell phone communication in syria in certain areas. both sides pointing fingers at the others. all of this as decision-maker in washington try to make a decision on how involved the...
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he's such a cancer to the economy. >> to call this an economy is an insult to recoveries. >> the numbers don't lie. we'll lay them out for you, tonight. that was me... the day i learned i had to start insulin for my type 2 diabetes. me... thinking my only option was the vial and syringe dad used. and me... discovering once-daily levemir® flexpen. flexpen® is prefilled. doesn't need refrigeration for up to 42 days. no drawing from a vial. dial the exact dose. inject by pushing a button. flexpen® is insulin delivery... my way. levemir® (insulin detemir [rdna origin] injection) is a long-acting insulin used to control high blood sugar in adults and children with diabetes and is not recommended to treat diabetic ketoacidosis. do not use levemir® if you are allergic to any of its ingredients. the most common side effect is low blood sugar, which may cause symptoms such as sweating, shakiness, confusion, and headache. severe low blood sugar can be serious and life threatening. ask your healthcare provider about alcohol use, operating machinery, or driving. other possible side effects incl
he's such a cancer to the economy. >> to call this an economy is an insult to recoveries. >> the numbers don't lie. we'll lay them out for you, tonight. that was me... the day i learned i had to start insulin for my type 2 diabetes. me... thinking my only option was the vial and syringe dad used. and me... discovering once-daily levemir® flexpen. flexpen® is prefilled. doesn't need refrigeration for up to 42 days. no drawing from a vial. dial the exact dose. inject by pushing a...
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Nov 28, 2012
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it would be bad for the economy and those families. in fact, it would be bad for the world economy. and so, i think it's very important that we get that resolved and i am very open to a fair and balanced approach to reduce our deficit and provide the kind of certainty that businesses and consumers need that we can keep this recovery going. and obviously, we'll be spending sometime talking about national security issues, as well. but i just want to say thank you to this extraordinary cabinet for a job well done and i will take this opportunity to publicly embarrass two members of the cabinet whose birthdays are today or tomorrow. rich consecki, happy birthday to you. that is actually today. and janet napolitano's birthday is tomorrow. all right, guys. thank you. we want to get back to work. >> mr. president -- >> thank you, so much, guys. susan rice is extraordinary. couldn't be prouder of the job she's done. all right. >> that was the president praising his current cabinet, also a little compliment to susan rice there at the end. straight ahead, we have more politics. the man behind
it would be bad for the economy and those families. in fact, it would be bad for the world economy. and so, i think it's very important that we get that resolved and i am very open to a fair and balanced approach to reduce our deficit and provide the kind of certainty that businesses and consumers need that we can keep this recovery going. and obviously, we'll be spending sometime talking about national security issues, as well. but i just want to say thank you to this extraordinary cabinet for...
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Nov 29, 2012
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these are the results and poorer tpaebgs and a weak economy -- poorer families and a weak economy are the result and a lot of joblessness. 42 business organizations representing tens of millions of american employees, including those air conditioning, retail, franchising industries and oh recently sent a letter to the congressional leadership urging congress not to raise income taxes during negotiations over the fiscal cliff. and instead to pursue comprehensive progrowth tax reform. mr. president, i'll submit that letter for the record but again ask unanimous consent that it be submitted in the record at the end of my remarks. the presiding officer: without objection. mr. kyl: thank you. let me conclude this letter -- i'll quote one sentence from it, says as follows. "we call on congress to avoid raising marginal tax rates on employers either as part of negotiations over the fiscal cliff or as part of a larger effort to reform the tax code. instead congress should seek to enact comprehensive tax reform that simplifies the tax code and encourages economic growth for both pass-through b
these are the results and poorer tpaebgs and a weak economy -- poorer families and a weak economy are the result and a lot of joblessness. 42 business organizations representing tens of millions of american employees, including those air conditioning, retail, franchising industries and oh recently sent a letter to the congressional leadership urging congress not to raise income taxes during negotiations over the fiscal cliff. and instead to pursue comprehensive progrowth tax reform. mr....
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Nov 29, 2012
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that can drag our entire economy down. the good news is there is a better option -- right now, as we speak, congress can pass a law that would prevent a tax hike, the first $250,000 of everybody's income. everybody -- that means that 98% of america and 97% of small businesses would not see their taxes go up by a single dime. 98% of americans, a 97% of small businesses would not see their income taxes increased. even the wealthiest americans would still get a tax cut, the first $250,000 of their income. it is not like folks who make more than that are not getting a tax break -- they are getting a tax break on the first $250,000 like everybody else. families and small businesses will be able to enjoy some peace of mind heading into christmas and the new year. it will give us more time next year to work together on a comprehensive plan to bring down our deficits, streamline our tax system, and do it in a balanced way. including asking the wealthiest americans to pay a little more so we can still invest in things like educatio
that can drag our entire economy down. the good news is there is a better option -- right now, as we speak, congress can pass a law that would prevent a tax hike, the first $250,000 of everybody's income. everybody -- that means that 98% of america and 97% of small businesses would not see their taxes go up by a single dime. 98% of americans, a 97% of small businesses would not see their income taxes increased. even the wealthiest americans would still get a tax cut, the first $250,000 of their...
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you won't grow the economy if you raise tax rates on the top two rates. it will hurt small businesses, hurt our economy. >> so let's bring in the political panel on this topic for today. erin mcpike back with us and david goodfriend, democratic strategist and contributor. thank you for sticking around. let's bring in the element of tom cole, a republican of oklahoma. doesn't get more red than oklahoma. let's play what he said regarding support and passing the middle class tax cut. >> in my view, we all agree we won't raise taxes on people making less than $250,000. we should take them out of this discussion right now. >> what is the issue with that? >> well, what congressman cole has really shown is that there's an imminent amount of good logic and sense in preserving the current tax rates for 98% of americans for a lot of reasons. one of which is the gdp dependent on consumer spending. 0% of the economy is consumer spending. if you take $2,000 on average out of pockets of consumers, it's going to hurt the economy so right away you have a low tax good eco
you won't grow the economy if you raise tax rates on the top two rates. it will hurt small businesses, hurt our economy. >> so let's bring in the political panel on this topic for today. erin mcpike back with us and david goodfriend, democratic strategist and contributor. thank you for sticking around. let's bring in the element of tom cole, a republican of oklahoma. doesn't get more red than oklahoma. let's play what he said regarding support and passing the middle class tax cut....
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not because it's good for the economy. he has a totally noneconomic reason for it and he's serious, we'll tell you what it is next. >> new at 10, warren buffett who has been begging the government to raise taxes on rich people like himself, well, instead of writing a check, he says, we should tax the rich because it will, quote, raise thh morale in the middle glass. he's serious. and all raising taxes on the wealthy may do, the big story of the day, president obama's campaign, holding more meetings on the fiscal cliff instead of real talks with politicians who have to decide this thing. and going on the road and selling the campaign harry reid says no cuts, democrats have cut spending and entitlements already. >> remember, we've already done more and billion dollars worth of cuts and we've already done that and we need to get credit for at that and these negotiations that take place. >> and the president's position, no more cuts, we're talking about it all with this company. sandra smith is here, and charles payne and as a
not because it's good for the economy. he has a totally noneconomic reason for it and he's serious, we'll tell you what it is next. >> new at 10, warren buffett who has been begging the government to raise taxes on rich people like himself, well, instead of writing a check, he says, we should tax the rich because it will, quote, raise thh morale in the middle glass. he's serious. and all raising taxes on the wealthy may do, the big story of the day, president obama's campaign, holding...
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raising taxes, taking money out of the economy, damages the economy, kills jobs, reduces opportunities. >> you know, the latest cnn polls that just came out this week say you're wrong. two of three americans, including a majority of republicans, say the fiscal cliff should be addressed with a mix, a mix of spending cuts, yes, but also tax increases and if there's no deal according to these polls, they're going to blame republicans more than they blame the president. all the best evidence right now suggests the public wants to see the republicans compromise on this tax question. so from a political standpoint, is it okay for lawmakers to ignore the pledge that they gave earlier? >> well, the challenge is that the pledge that they made and that every two years comes up again in campaigns, this is not an ancient pledge, these are pledges that get discussed every election cycle, democrats in the last two cycles have attacked all the republicans who took the pledge. so they have been reinforced in the fact that voters know that they made that commitment and they got elected making that comm
raising taxes, taking money out of the economy, damages the economy, kills jobs, reduces opportunities. >> you know, the latest cnn polls that just came out this week say you're wrong. two of three americans, including a majority of republicans, say the fiscal cliff should be addressed with a mix, a mix of spending cuts, yes, but also tax increases and if there's no deal according to these polls, they're going to blame republicans more than they blame the president. all the best evidence...
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Nov 28, 2012
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economy. and tonight i'd like to join a couple of my colleagues on the democratic side to talk about the economy and specifically to talk about jobs and the things that we can do here in the a winning days of this congress -- wanning days of this congress to create some job opportunities. we've got some very heavy lifting here in congress in the next month and a half. everybody wants to talk about the fiscal cliff, some talk about austerity, bomb, others talk about what needs to be done to lift the debt limit. and all of these issues are before us. tax increases are not. but underlying all of that, foundational to all of that, is putting america back to work. getting americans back into their jobs. if we do that we will clearly increase employment and when you increase employment you always increase tax revenue to the federal government, to state governments and local governments. so our principle task as i see it and i think i'm joined by many of my colleagues, both democratic and republican,
economy. and tonight i'd like to join a couple of my colleagues on the democratic side to talk about the economy and specifically to talk about jobs and the things that we can do here in the a winning days of this congress -- wanning days of this congress to create some job opportunities. we've got some very heavy lifting here in congress in the next month and a half. everybody wants to talk about the fiscal cliff, some talk about austerity, bomb, others talk about what needs to be done to lift...
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and it's going to hurt the economy no matter who is in charge, it will hurt everybody, and we better darn well have a deal. i think they're the strongest push, better than the progressives, in getting a deal. your thoughts? >> i think dick durbin is a hero. i'd give him the medal of honor with oak leaf clusters. he was on our commission. when you give a spread between dick durbin and tom coburn and get five democrats and five republicans, one independent, 60% of the commission, a supermajority and everybody walks away because they all say, and durbin is tremendous, he's absolutely up front on that, but everybody is saying, well, it's the framework. we don't care whether our names are connected with it. call it rivlin/domenici, that's a beautiful piece of work, the gang of eight, but for god's sake get off your can and do something. unless you go big, go home, because on december 31st there's a mess floating around right now, about 7.2 trillion bucks worth of stuff in ten years. got to do something. senaocpehis $4 trillion cut over ten years is not going to get done until you can smel
and it's going to hurt the economy no matter who is in charge, it will hurt everybody, and we better darn well have a deal. i think they're the strongest push, better than the progressives, in getting a deal. your thoughts? >> i think dick durbin is a hero. i'd give him the medal of honor with oak leaf clusters. he was on our commission. when you give a spread between dick durbin and tom coburn and get five democrats and five republicans, one independent, 60% of the commission, a...
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pro-growth policies that kickstart the economy rather than hurting the economy. likewise, we have laid out a bipartisan plan to address the drivers of our debt in the spending programs. i think house republicans are eager to work and negotiate with democrats in the senate and the president once they figure out what their proposal is to address the fundamental problems. >> my colleagues have laid out the issues very well. republicans want to avert the fiscal cleft in its entirety -- liff in its entirety. what we need is the president to come forward with a plan on how he wants to avert the fiscal cliff. it is irresponsible of us not to deal with the spending issue and simply to push for raising taxes on hard-working american people. many of us come from small- business backgrounds -- family owned businesses. we understand the situation very well. but it isn't -- it is important we not pass this problem along to our children and grandchildren, but we deal with it in a responsible way. the republicans have come forward with a responsible plan and will continue to do
pro-growth policies that kickstart the economy rather than hurting the economy. likewise, we have laid out a bipartisan plan to address the drivers of our debt in the spending programs. i think house republicans are eager to work and negotiate with democrats in the senate and the president once they figure out what their proposal is to address the fundamental problems. >> my colleagues have laid out the issues very well. republicans want to avert the fiscal cleft in its entirety -- liff...
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it's how you get that revenue so that you don't hurt the economy. you actually get real revenue through growth. i don't think there is a large amount of disagreement on that. the key is there has to be a combination package of both revenue increases and a revenue program that actually promotes real growth, in other words, tax reform that actually promotes growth, combined with significant structural changes in the long-term expenditures for a major entitlement. let me just give you some examples, brian. in two years, the disability fund will be out of money. social security disability. there is not going to be any payments. all right? so for everybody that's on disability, the one in 17 people in this country, one out of every 17 now is collecting a disability check, there ain't going to be money in less than two years. same thing in terms of medicare part a. the part a trust fund on the worst case -- best case scenario is going to last ten years. worst case, it will be gone in four years. so to not act on these things and not to address the real pr
it's how you get that revenue so that you don't hurt the economy. you actually get real revenue through growth. i don't think there is a large amount of disagreement on that. the key is there has to be a combination package of both revenue increases and a revenue program that actually promotes real growth, in other words, tax reform that actually promotes growth, combined with significant structural changes in the long-term expenditures for a major entitlement. let me just give you some...
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we should be thinking more of the american economy rather than the budget. we are so fixated on a budget that we are never going to help this economy. you know what, simpson-bowles warned us about this. if we have draconian cuts as the other side has recommended, what we're going to have is a worse situation and a renewed recession and i don't think you want that, and i don't want that, am i correct. bill: a lot of folks would say 16 trillion in debt is something that is unacceptable. >> it is unacceptable. bill: this is the editorial from the "washington post" now okay. at some point president obama has to prepare the american people and his own supporters, most of all, for the hard decisions required to put the country on a sound financial footing. only one person is in a position to make it happen. i'll give you the last word. when will it happen? >> the yes is there's going to be a review, and it has been going on since the healthcare act of what hedda car medicare does and what it does not do. that does not mean have you to reduce the benefits of those
we should be thinking more of the american economy rather than the budget. we are so fixated on a budget that we are never going to help this economy. you know what, simpson-bowles warned us about this. if we have draconian cuts as the other side has recommended, what we're going to have is a worse situation and a renewed recession and i don't think you want that, and i don't want that, am i correct. bill: a lot of folks would say 16 trillion in debt is something that is unacceptable. >>...
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economy and they all know it. there is no country in the world for the people in charge do not understand that they benefit from a strong, dependable, secure u.s. economy and energy is the key, i think. >> christine, can i just say something here? i think one program we have done in securing american pricing energy and is something of note that many of us have seen. futurering america's energy, the oil shock wave. i think it speaks to several key messages. just as we did in 2005, they're just as relevant today when we were importing 60% vs. 40% and continuing to go down. they also fall along what senator blunt said house well. but you see from when we have the oil crisis, there is no such thing as energy independence. some fear we define the problem as energy independence and it is all about imported oil. but then we solve a problem. we have been saying we needed to end our dependence on foreign oil, but the truth is we have a dependence on oil and any thing that happens anywhere in the world affects us here. if w
economy and they all know it. there is no country in the world for the people in charge do not understand that they benefit from a strong, dependable, secure u.s. economy and energy is the key, i think. >> christine, can i just say something here? i think one program we have done in securing american pricing energy and is something of note that many of us have seen. futurering america's energy, the oil shock wave. i think it speaks to several key messages. just as we did in 2005, they're...
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what's really happening to the global economy with. global financial headlines. when i woke up early that morning he was about to say about four thirty am we had to be out by our trucks and by seventy and we already knew what we were going on our mission we were told at seven pm the night before on the eighth of april a soldier that was sketching a map with his boot in the gravel. next to his vehicle while some of the saw part of some of that stood beside the road to rig and i wasn't sure what red meant we left the post. nearing eleven o'clock we're going down the road and we got pretty close to the i believe that the grubby prison and also the traffic there's no traffic. and right about then. i mean bullets came from everywhere sounded like we were in a hail storm there were coming through my doors that he might take or if they're hitting the windshield or put into it in the. you could hear it coming through one door hit the other door with a large gear and i did they're just coming in everywhere and that it just it we crescendo just like it never stopped after
what's really happening to the global economy with. global financial headlines. when i woke up early that morning he was about to say about four thirty am we had to be out by our trucks and by seventy and we already knew what we were going on our mission we were told at seven pm the night before on the eighth of april a soldier that was sketching a map with his boot in the gravel. next to his vehicle while some of the saw part of some of that stood beside the road to rig and i wasn't sure what...
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find out what's really happening to the global economy with mike's cause or for a no holds barred look at the global financial headlines tune into cars a report on our.
find out what's really happening to the global economy with mike's cause or for a no holds barred look at the global financial headlines tune into cars a report on our.
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said the surprise decision to hire mark carney was a significant positive turn for both the economy and the banks u.b.s. said it did not expect mr cornered to be as tough on lenders as his predecessor predicting an end to what it called an increasingly challenging u.k. regulatory agenda well it's appropriate as they must tony because he's overseeing a circus freak show of central bankers having their way. in the derivatives market the shadow banking system creating all kinds of contortionists out there in the central banking land and half naked ladies and in this case of mark carney he's in the math i'm out for date of banking because he wants both higher interest rates and looser monetary policy is a financial i'm afeard i you know they should put him in a. bill work perfectly and the city freak show one thread in the street there's mark carney and the bearded him aphrodite he wants higher rates and looser monetary policy welcome to the freak show mark carney where we've got your number i don't have a flag on this show every single way because that's what we do bad guys welcome to the
said the surprise decision to hire mark carney was a significant positive turn for both the economy and the banks u.b.s. said it did not expect mr cornered to be as tough on lenders as his predecessor predicting an end to what it called an increasingly challenging u.k. regulatory agenda well it's appropriate as they must tony because he's overseeing a circus freak show of central bankers having their way. in the derivatives market the shadow banking system creating all kinds of contortionists...
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economy for about an hour and 45 minutes. next on book tv. [applause] >> thanks to the fashion institute of technology. unquestionably the most in the world today. [applause] in addition to being nobel laureates i would have to say from the vantage point for the economic thinking those would be my finalists. [applause] as you know, we've written a book that pertains to the challenges and circumstance the price of an equality. on behalf of them i thank you for your patronage and. let's start with paul. paul, you talked about and this depression now. a lot of people don't believe we could end this now. but agency deutsch human beings have to take on this challenge? something that is recognizably the same kind of animal. we victimize it is the same technology still there and skills are still there. look back to the 1930's and there are a lot of people making the argument that there were no easy answers and you could quickly get out of this [inaudible] and the 1939 and these are fundamental problems and if we want to make progress to cut unemploy
economy for about an hour and 45 minutes. next on book tv. [applause] >> thanks to the fashion institute of technology. unquestionably the most in the world today. [applause] in addition to being nobel laureates i would have to say from the vantage point for the economic thinking those would be my finalists. [applause] as you know, we've written a book that pertains to the challenges and circumstance the price of an equality. on behalf of them i thank you for your patronage and. let's...
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if we raise taxes wickets ithe economy into a tailspin. lou: you know, the choice, as i said, in terms of consequences for the polical or economic lle severe. i want to credit. i don't know if you rad his pie entitled the gop, the party of slightly fewer tax hikes. this has to be a carefully managed, if youwill be the mouthpiece of political choreography becausepublican party right now, the party o free enterise and individual freedom, self-reliance, and lower taxes andsmaller government is on the vergeof giving up it claims on lower taxes, smaller government, and, perhaps, peraps migrated dependency, less iindividual eedom and self-liance. it gives no much for the party to cling to politically. lou:here is the thing. the facts are actually on our side. when bush cut the taxrates i 2003, do you know what happened? more reenue. th percentage of that revenue. >> adelle want to give the full answer t this. we saw the sloest jo ceation. it was on match by the procession of 2008 and nine. this is such a complicated economy, as you know as well
if we raise taxes wickets ithe economy into a tailspin. lou: you know, the choice, as i said, in terms of consequences for the polical or economic lle severe. i want to credit. i don't know if you rad his pie entitled the gop, the party of slightly fewer tax hikes. this has to be a carefully managed, if youwill be the mouthpiece of political choreography becausepublican party right now, the party o free enterise and individual freedom, self-reliance, and lower taxes andsmaller government is on...
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the risk of sending the economy back into recession, the risk of having the financial markets decide yet again no reason to have any faith or trust in washington. the risk of global contagion if the united states goes off this cliff. so as dana noted, most everyone thinks in the end they'll get this done. this is the time to sort of plant your flags. as you just noted, appease your base. but there's a risk because we're in such uncertain times after the election. the republicans are looking at a presidential defeat, but they still have the majority in the house, leader for senate up for re-election. as mitch mcconnell told "the wall street journal" today h, he wants to see the president put specifics on the table. he wants to see the president make those democrats mad and say i will raise the medicare eligibility age, i will means test medicare for more affluent americans. democrats are okay with that some of them anyway. he wants to show specific entitlement cut cards and then get revenues from the republicans, but both leader mcconnell and speaker boehner right now, joe, you know t
the risk of sending the economy back into recession, the risk of having the financial markets decide yet again no reason to have any faith or trust in washington. the risk of global contagion if the united states goes off this cliff. so as dana noted, most everyone thinks in the end they'll get this done. this is the time to sort of plant your flags. as you just noted, appease your base. but there's a risk because we're in such uncertain times after the election. the republicans are looking at...
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Nov 29, 2012
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we have a slowing economy. we have slowing economies around the world. but i was at a dinner with a bunch of ceos in washington who are interested and care about this fiscal issue on monday night. and they were talking about we're not hiring. we're allowing attrition to happen. we're holding back on big spending. we want to see what happens here before we go forward. what's interesting about this is that the consumer seems to have a different view. the consumer -- for the consumer so far, this has sort of passed by. i wouldn't say blissful ignorance, but it has not affected their behavior. you had a fairly strong set of economic numbers this fall. the housing market seems to have finally turned up after a period of obviously deep decline. and so consumer confidence, which is one of our best proxies for this kind of thing, has been turning up and really does not yet -- the fiscal cliff does not yet seem to have penetrated their consciousness. for those of us who were in stores over the holiday weekend, stores are crowded, people are buying, but it's only
we have a slowing economy. we have slowing economies around the world. but i was at a dinner with a bunch of ceos in washington who are interested and care about this fiscal issue on monday night. and they were talking about we're not hiring. we're allowing attrition to happen. we're holding back on big spending. we want to see what happens here before we go forward. what's interesting about this is that the consumer seems to have a different view. the consumer -- for the consumer so far, this...
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Nov 28, 2012
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economy and the health of your housing investment is recovering in much of the country. new home sales numbers come out today. we learned yesterday that home prices posted their biggest gains in more than two years in the third quarter according to s&p/case-shiller. top five cities showing the strongest gains. in phoenix, up more than 20%. in minneapolis, about 9%. losing some traction, new york and chicago. >>> chevy spark and sonic rs models will come complete about apple siri system built into the cars. general motors announced that this week at the auto show. voice-activated system called eyes free, make calls, texting, listen to your calendar appointments and itunes library all while you're driving. >>> holiday air fare expected to go up 8% compared to last year according to the travel site orbitz. the earlier you book, the better. >> to put all of these together, does that mean you can now ask your car, do you know the way to san jose? >> way to go. >> is that right? to pull all the different threads together. >> you need a time-out. >> i'm sorry. i'm sorry. >> i s
economy and the health of your housing investment is recovering in much of the country. new home sales numbers come out today. we learned yesterday that home prices posted their biggest gains in more than two years in the third quarter according to s&p/case-shiller. top five cities showing the strongest gains. in phoenix, up more than 20%. in minneapolis, about 9%. losing some traction, new york and chicago. >>> chevy spark and sonic rs models will come complete about apple siri...
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that kind of agreement would be good for our businesses, good for our economy. it would be good for our children's future. i believe both parties can agree on a framework that does that in the coming weeks. in fact, my hope is to get this done before christmas. >> americans are divided a as to what the solution should be to reach some sort of agreement on the fiscal cliff. look at this abc news/washington post survey that says 60% of americans support raising taxes on the wealthy. 37% oppose it. what about reducing deductions? 44% support it. 49% oppose it. americans, much like lawmakers, want a solution to the problem but clearly divided on how to get there. >> the consensus is there to solve it. the question is how. president obama is meeting with mitt romney today. >> big news. >> do you have any idea what they plan to discuss? >> they are having lunch at the white house this afternoon. the president talked about this after his re-election. he said he wanted to sit down with mitt romney, talk about ways to move the country forward. but the president pointed o
that kind of agreement would be good for our businesses, good for our economy. it would be good for our children's future. i believe both parties can agree on a framework that does that in the coming weeks. in fact, my hope is to get this done before christmas. >> americans are divided a as to what the solution should be to reach some sort of agreement on the fiscal cliff. look at this abc news/washington post survey that says 60% of americans support raising taxes on the wealthy. 37%...
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Dec 1, 2012
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economies richard cost money to run. there is misplaced popularity in the libertarian myth that governments don't need to involve themselves in most economic matters and that markets will handle whatever needs to be handled. we need taxes. and we need safety and services and infrastructure in return. in some cases, it is simply more economical for governments to provide services because a scale. health care might be one example. the building and maintenance of smart grids and roads. so think of taxes not as needing to be low but of the return from those taxes of needing to be high. now traditionally, richard, that worked in europe. now it doesn't. they got the math badly wrong. so what once provided a high return is now an utter failure which makes america a tax bargain. but that is going to change, too, richard. so the solution is to move to canada where taxes are low, government offerings are high. you, sir, can come and live with me and sleep on my sofa. >> and here we go. whoever thought that this was going to be the
economies richard cost money to run. there is misplaced popularity in the libertarian myth that governments don't need to involve themselves in most economic matters and that markets will handle whatever needs to be handled. we need taxes. and we need safety and services and infrastructure in return. in some cases, it is simply more economical for governments to provide services because a scale. health care might be one example. the building and maintenance of smart grids and roads. so think of...
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Nov 28, 2012
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but right now if you look at the world economy we're doing okay. we're not doing great. but i think there might be domino effects if we go over the slope, cliff whatever you want to call it and then the world market starts reacting. we could see unemployment go back up. all of this -- the stock market will go down. i think there are more repercussions for going off the cliff than people realize when they say we should go off and start from scratch. now that said if we do go off the cliff, people need to be very clear about whose fault that is. it is the house republicans. they can right now, pass the tax cuts for the middle class. get that out of the way. we can figure out what to do for the top 2% of earners. a lot of republicans are giving good lip service saying we do want to pass the tax cuts. then do it. dick durbin was at the center for american progress today talking about this. okay if that's what you want to do, do it. a bill has passed the senate. pass the tax cuts for the middle class we say we agree on. we can figure out the other. >> bill: tom cole, one of t
but right now if you look at the world economy we're doing okay. we're not doing great. but i think there might be domino effects if we go over the slope, cliff whatever you want to call it and then the world market starts reacting. we could see unemployment go back up. all of this -- the stock market will go down. i think there are more repercussions for going off the cliff than people realize when they say we should go off and start from scratch. now that said if we do go off the cliff,...
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it's like congress put a gun to the economy's head and swore it will pull the triger if congress doesn't put its own gun down. (laughter) it's kind of like a mexican standoff without any mexicans. (laughter) of course, obama's answer to this budget crisis is to raise taxes on the wealthy just because he ran on that promise. and won the election. (laughter) it's like he's totally disregarding my dismissive finger quotes. what part of this don't you understand president "o" bama. (laughter) here's what's really scaring me, folks. republicans might let him do it, even though every remember in congress has signed the new taxes pledge created by the president of americans for tax reform, grover norquist. (thunder clashes) the two most terrifying words a republican can hear other than "buenos dias." (laughter and applause) but now some republicans are abandoning the anti-tax pledge as fast as they abandoned -- oh, what's his name? (laughter) i got it, don't help me, don't help me. rip flambe. (laughter) no, no, that's my personal train trainer. (laughter) no, the point is conservatives are jum
it's like congress put a gun to the economy's head and swore it will pull the triger if congress doesn't put its own gun down. (laughter) it's kind of like a mexican standoff without any mexicans. (laughter) of course, obama's answer to this budget crisis is to raise taxes on the wealthy just because he ran on that promise. and won the election. (laughter) it's like he's totally disregarding my dismissive finger quotes. what part of this don't you understand president "o" bama....
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we agree it's about jobs and the economy. that's what the president said after the election that he wanted it to be his goal and his priority. we have a difference of opinion about how to get the economy growing again and expanding again. and obviously we have a big interest in making sure that we address the fundamental problem and driver of federal deficits and debt. and that's reforming these entitlement programs that are on an unsustainable path right now. >> so but remember the president also said when he extended the 35% tax rate for the upper income for those making more than $250,000 a year, he says -- he said then that was the last time he was going to do it. it was a one-shot deal. he wasn't going to do it anymore. and as you know he ran his re-election campaign on the notion he was going to increase the tax rates from 35% to 39.6% for those people making more than $250,000 a year. you think he's likely to blink on that? >> you know, i don't know. i hope he is at least willing to work with republicans. republicans a
we agree it's about jobs and the economy. that's what the president said after the election that he wanted it to be his goal and his priority. we have a difference of opinion about how to get the economy growing again and expanding again. and obviously we have a big interest in making sure that we address the fundamental problem and driver of federal deficits and debt. and that's reforming these entitlement programs that are on an unsustainable path right now. >> so but remember the...
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Nov 30, 2012
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summers ago, congress realized that if they couldn't compromise on a deficit and revenue plan, our economy would crash. turns out they couldn't compromise. so here's what they did. in order to force themselves to work together and compromise, they concocted a catastrophic penalty that would itself crash our economy. brilliant. put it another way. if there is an asteroid headed towards the earth, we made it and fired it at ourselves. because otherwise we would never have done the hard work required to protect ourselves from asteroids. >> good morning. it's friday, november 30th. welcome to "morning joe." with us on set, we have msnbc political analyst and vice president and executive editor of msnbc.com, richard wolffe is here. >> he's here? >> my lord. right here on the set. political editor and white house correspondent for the huffington post, sam stein. >> hi. >> cute thing. and msnbc political analyst and visiting professor at nyu and former democratic congressman harold ford jr. >> good morning. >> good morning. >> he's reading. >> put that down right now. put the smut down. close it
summers ago, congress realized that if they couldn't compromise on a deficit and revenue plan, our economy would crash. turns out they couldn't compromise. so here's what they did. in order to force themselves to work together and compromise, they concocted a catastrophic penalty that would itself crash our economy. brilliant. put it another way. if there is an asteroid headed towards the earth, we made it and fired it at ourselves. because otherwise we would never have done the hard work...
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meanwhile egypt's economy is deteriorating as economists feed it explains to tom barton in congress. with protests continuing a round the clock both for and against a gyptian president mohamed morsi the country's economy is facing increasing troubles with me to discuss this is very time lapse an economist here in cairo that is thank you for joining me think first of all tell us briefly what was really going on when the stock market pull on which to over a week on hearing mosts announcement in the next week to the shins us the small school shopping days it even coalesce around to turn this thing down this isn't mutual have and this is loss is most of the funny outgoing he comes i am after we are going to take on full find the billionaire how would you compare egypt's economy now to walsh from the. father the economy was somewhat the boom that mubarak deserved this was sixty five for instance at central bank now will still down fifteen point five billion dollars and this is a huge cut that would result and it affects the impulse on the top it affects investors no one will come to inves
meanwhile egypt's economy is deteriorating as economists feed it explains to tom barton in congress. with protests continuing a round the clock both for and against a gyptian president mohamed morsi the country's economy is facing increasing troubles with me to discuss this is very time lapse an economist here in cairo that is thank you for joining me think first of all tell us briefly what was really going on when the stock market pull on which to over a week on hearing mosts announcement in...
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how would you compare egypt's economy now. at the bottom of the economy with some lots more but at least thirty five thousand feet that sinful bank now we know still down fifteen point five billion dollars and this is a huge part of what is known and the back seat impulse and. it affects investors no one will come to invest anything in here in egypt to do usually is. secure. a loan to unemployment is going to add also sick too soon we are going to feel sick she was. killed this continues to be only egypt this will affect all safe to say egypt and business will be shut off now we are divided. so it isn't quite as a political force in one hand and muslim brotherhood in as of hand. thirty six really gratifying to you it seems that the egyptian people don't agree on much these days one of the few things they do agree on is that egypt's economy needs to get back on the right track and as soon as possible. and they're well of intentions as turkey is scrambling fighter jets to its border of the syrian warplanes bombed rebel positions
how would you compare egypt's economy now. at the bottom of the economy with some lots more but at least thirty five thousand feet that sinful bank now we know still down fifteen point five billion dollars and this is a huge part of what is known and the back seat impulse and. it affects investors no one will come to invest anything in here in egypt to do usually is. secure. a loan to unemployment is going to add also sick too soon we are going to feel sick she was. killed this continues to be...
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markets why not canada find out what's really happening to the global economy with max conjure for a no holds barred look at the global financial headlines tune in to kaiser report on our. but. you know sometimes you see a story and it seems so for life you think you understand it and then you glimpse something else you hear or see some other part of it and realize everything you thought you don't know i'm sorry welcome to the big picture.
markets why not canada find out what's really happening to the global economy with max conjure for a no holds barred look at the global financial headlines tune in to kaiser report on our. but. you know sometimes you see a story and it seems so for life you think you understand it and then you glimpse something else you hear or see some other part of it and realize everything you thought you don't know i'm sorry welcome to the big picture.
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we're gonna grow, not slow the economy. we're gonna grow, not slow, the economy. we're gonna grow, not slow, the economy. >> but here is how the episode ended. there you see senator portman with four of the protesters after his speech. well, according to buzz feed, portman and those four protesters, all ohio residents, had an impromptu meeting after his speech ended. it lasted about 20 minutes and concluded with that group photo. i guess thas one way to be a politician and a protester. gets the guy's attention, he gets their attention, they meet, you have a meeting, something gets done. >>> also, why is sarah palin apologizing to fellow republicans? it turns out she's having second thoughts about warning them not to be with uses in debates on taxes and government spending. here is palin and her mea culpa, plus a nugget about socialism. >> well, i guess i shouldn't call politicians names -- >> i don't not? >> i apologize for calling the wobbly ones wusses. that distracts from the points that has to be made. i say go back to what the blanks in your platform represen
we're gonna grow, not slow the economy. we're gonna grow, not slow, the economy. we're gonna grow, not slow, the economy. >> but here is how the episode ended. there you see senator portman with four of the protesters after his speech. well, according to buzz feed, portman and those four protesters, all ohio residents, had an impromptu meeting after his speech ended. it lasted about 20 minutes and concluded with that group photo. i guess thas one way to be a politician and a protester....
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if all the tax cuts expire it's bad for the economy. the president understands he's got -- he's got -- talking about lincoln, you got radical democrats that don't want to touch entitlements or don't want to touch revenue and this president is going to have to hold both sides together. >> andrea mitchell, who knows washington, incite and out, they're saying nothing and they're saying nothing, right? >> i think there is some movement. maybe i am more optimistic, a lot are arguing you have fewer people in the middle in both parties as a result of the election and don't have democrats willing to make the concessions of on spending cuts and health care, medicare as you don't have republicans on one side, but i think -- i had bob corker on yesterday or the day before with klim clyburn yesterday and they were praise ing -- clyburn was praising what corker had to say. the president has a lot of leverage. what he said to congressman cummings, don't pack your bags. we're going to be around pore a while. i have alan simpson coming on our show. >>
if all the tax cuts expire it's bad for the economy. the president understands he's got -- he's got -- talking about lincoln, you got radical democrats that don't want to touch entitlements or don't want to touch revenue and this president is going to have to hold both sides together. >> andrea mitchell, who knows washington, incite and out, they're saying nothing and they're saying nothing, right? >> i think there is some movement. maybe i am more optimistic, a lot are arguing you...
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multinational corporations come to dominate the russian economy and wipe out whatever domestic economy is there as a consequence of free trade might not be a good thing for anyone including americans because the jobs will end up in china and korea but the idea that this cold war vested has been removed i think is a good thing and i think the idea is driving it and the powers that are driving the businesses want these barriers removed i think those are also good things and coble vestige and yet just briefly the russian foreign ministry very angry saying this could be a return to the cold war. well it indicates a inclination that way from the united states and the russian foreign minister should respond to such an obvious insult where the united states probably the preeminent violator of human rights at this point in terms of scale magnitude and depth pointing its finger at anyone certainly the person who's having their finger that finger in their face should reply point out you have no standing to accuse us of anything and stand up for themselves and so i think the foreign minister is c
multinational corporations come to dominate the russian economy and wipe out whatever domestic economy is there as a consequence of free trade might not be a good thing for anyone including americans because the jobs will end up in china and korea but the idea that this cold war vested has been removed i think is a good thing and i think the idea is driving it and the powers that are driving the businesses want these barriers removed i think those are also good things and coble vestige and yet...
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talking with philip auerswald, "the coming prosperity," how entrepreneurs are transforming the global economy. his most recent book. booktv of location at george mason university. >> tell us what you think of our programming this weekend. you can freeze us at booktv, comment on our facebook call or send us an e-mail, booktv, nonfiction books every weekend on c-span2. >> at the end of world war ii we had twelve million men under arms. we have 2,000 flag officers and generals. today we have 1,000 flag officers and generals and 1.2 million under arms. the ratio is totally out of whack. we almost have an admiral for every ship in the navy. not a captain, and admiral. what we have done is go through and look at areas where we could not necessarily save all of the money but we could transfer responsibilities that are not truly in defense of the country out of the pentagon and consolidate programs and save a significant amount of money. >> you can talk with oklahoma senator tom coburn about the fiscal cliff, affordable care act and the future of the republican party on booktv's index. the senator ha
talking with philip auerswald, "the coming prosperity," how entrepreneurs are transforming the global economy. his most recent book. booktv of location at george mason university. >> tell us what you think of our programming this weekend. you can freeze us at booktv, comment on our facebook call or send us an e-mail, booktv, nonfiction books every weekend on c-span2. >> at the end of world war ii we had twelve million men under arms. we have 2,000 flag officers and...